TEO-DOOR: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
TEO-DOOR
Largest movements
- Stocks and contracts -€20,379
no longer reported in 2025 (was €20,379)
- Receivables within one year -€2,797
down €2,797 (-54.8%), from €5,101 to €2,304
of which Trade receivables: -€3,057
- Cash +€1,154
new in 2025: €1,154
mainly Stocks and contracts (+€20,379) and Trade debts (+€3,930)
- Tangible fixed assets -€579
down €579 (-19.7%), from €2,932 to €2,353
- Advances received -€13,250
no longer reported in 2025 (was €13,250)
- Profit (loss) carried forward -€10,799
down €10,799 (-69.5%), from -€15,545 to -€26,343
- Trade debts +€3,930
up €3,930 (+28.5%), from €13,779 to €17,708
- Other debts -€1,236
down €1,236 (-9.7%), from €12,725 to €11,488
- Tax, wage and social debts -€1,170
down €1,170 (-69.6%), from €1,680 to €510
of which Remuneration and social security: -€1,284
- Staff costs -€25,431
down €25,431 (-88.4%), from €28,777 to €3,347
- Gross operating margin -€16,509
down €16,509, from €15,628 to -€881
- Depreciation +€2,010
up €2,010 (+188%), from €1,068 to €3,079
- Write-downs +€1,085
new in 2025: €1,085
- Financial charges +€570
up €570 (+48.4%), from €1,179 to €1,749
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €28,888 | €6,480 | -€22,408 | -77.6% |
| Fixed assets | 21/28 | €2,932 | €2,353 | -€579 | -19.7% |
| Tangible fixed assets | 22/27 | €2,932 | €2,353 | -€579 | -19.7% |
| Furniture and vehicles | 24 | €2,932 | €2,353 | -€579 | -19.7% |
| Current assets | 29/58 | €25,956 | €4,127 | -€21,829 | -84.1% |
| Stocks and contracts in progress | 3 | €20,379 | - | -€20,379 | |
| Stocks | 30/36 | €20,379 | - | -€20,379 | |
| Amounts receivable within one year | 40/41 | €5,101 | €2,304 | -€2,797 | -54.8% |
| Trade receivables | 40 | €4,925 | €1,868 | -€3,057 | -62.1% |
| Other amounts receivable | 41 | €176 | €437 | +€260 | +147% |
| Current investments | 50/53 | €1 | - | -€1 | |
| Cash at bank and in hand | 54/58 | - | €1,154 | +€1,154 | |
| Deferred charges and accrued income | 490/1 | €475 | €669 | +€194 | +40.8% |
| Total equity and liabilities | 10/49 | €28,888 | €6,480 | -€22,408 | -77.6% |
| Equity | 10/15 | -€12,545 | -€23,343 | -€10,799 | -86.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,545 | -€26,343 | -€10,799 | -69.5% |
| Amounts payable | 17/49 | €41,432 | €29,823 | -€11,609 | -28.0% |
| Amounts payable within one year | 42/48 | €41,432 | €29,707 | -€11,726 | -28.3% |
| Trade debts | 44 | €13,779 | €17,708 | +€3,930 | +28.5% |
| Suppliers | 440/4 | €13,779 | €17,708 | +€3,930 | +28.5% |
| Advances received on contracts in progress | 46 | €13,250 | - | -€13,250 | |
| Taxes, remuneration and social security | 45 | €1,680 | €510 | -€1,170 | -69.6% |
| Taxes | 450/3 | - | €114 | +€114 | |
| Remuneration and social security | 454/9 | €1,680 | €396 | -€1,284 | -76.4% |
| Other amounts payable | 47/48 | €12,725 | €11,488 | -€1,236 | -9.7% |
| Accrued charges and deferred income | 492/3 | - | €116 | +€116 | |
| Remuneration, social security and pensions | 62 | €28,777 | €3,347 | -€25,431 | -88.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,068 | €3,079 | +€2,010 | +188% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,085 | +€1,085 | |
| Other operating charges | 640/8 | €149 | €545 | +€396 | +266% |
| Gross operating margin | 9900 | €15,628 | -€881 | -€16,509 | |
| Operating profit (loss) | 9901 | -€14,366 | -€8,936 | +€5,430 | +37.8% |
| Financial income | 75/76B | €0 | €0 | +€0 | +113% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +113% |
| Financial charges | 65/66B | €1,179 | €1,749 | +€570 | +48.4% |
| Recurring financial charges | 65 | €1,179 | €1,749 | +€570 | +48.4% |
| Profit (loss) for the period before taxes | 9903 | -€15,545 | -€10,685 | +€4,860 | +31.3% |
| Income taxes | 67/77 | - | €114 | +€114 | |
| Profit (loss) for the period | 9904 | -€15,545 | -€10,799 | +€4,746 | +30.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,545 | -€10,799 | +€4,746 | +30.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.